auver Enterprises declared a 3-for-1 stock split last year, and this year its dividend is $0.50 per share. This total dividend payout represents a 14% increase over last year's pre-split total dividend payout. What was last year's dividend per share? Round your answer to the nearest cen
auver Enterprises declared a 3-for-1 stock split last year, and this year its dividend is $0.50 per share. This total dividend payout represents a 14% increase over last year's pre-split total dividend payout. What was last year's dividend per share? Round your answer to the nearest cen
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Stock Split
Fauver Enterprises declared a 3-for-1 stock split last year, and this year its dividend is $0.50 per share. This total dividend payout represents a 14% increase over last year's pre-split total dividend payout. What was last year's dividend per share? Round your answer to the nearest cent.
$
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